Hunting PLC sold 23% equity investment in Rival Downhole Tools for $13.1 million
LONDON: Hunting PLC (LSE: HTG), the precision engineering group, today announced the completion of the sale of its 23% equity investment in Rival Downhole Tools L.C., an associate company, to a third party, for a consideration of $13.1 million. Following adjustments for working capital, Hunting will receive $12.0 million in cash. It has been agreed with the…